While we are currently experiencing booming real estate market conditions here in the Collingwood and Blue Mountain areas, there continue to be those who say, “it won’t last forever” and a market correction will come. They are correct. But what exactly does a market correction bring? Our last one was in 2008/2009 but the effects were minimal. Here is a chart that shows what has happened to median local prices in South Georgian Bay since 2001.
Marg Scheben-Edey is a Broker with RE/MAX four seasons realty limited, Brokerage in beautiful Collingwood, ON. With three decades of experience, Marg is a leader in the local real estate marketplace and is ready to help guide both Buyers and Sellers in achieving their real estate goals. Email Marg